Yen Vulnerable in Long Term: FX Strategist

Mar. 13 2011 | John Noonan, senior FX analyst at Thomson Reuters, says the cost of Japan's disaster could put a lot of pressure on the yen.

Asian Shares Down on China, Yen

In today's Market Report: Shanghai stocks slid in volatile trade Thursday. They were weighed down by banking shares after data from China showed growth slowing and inflation edging higher. Shanghai's Composite Index tumbled one-and-a-half percent.

Financial stocks were lower Thursday, succumbing to profit-taking pressures amid talk of policy tightening.

China's economic data was broadly in line with forecasts, falling slightly after its central bank hiked rates on Tuesday.

China Mobile's lackluster third-quarter results put a damper on the telecom sector in Hong Kong, pulling down shares of the world's biggest mobile operator and its rivals.

The Hang Seng drifted lower, along with other Asian markets.

Tokyo stocks rose in morning trade, as the yen dropped after the U.S. Treasury Secretary said he saw no reason for further dollar weakness. But the yen later rebounded, sending Japan's Nikkei down to its lowest close in three weeks.

Yen Strong Despite Bank of Japan Moves

In today's market report... the yen remained strong against the dollar, despite words from the Japanese central bank chief that it's affecting the nation's economy.

Bank of Japan Governor Masaaki Shirakawa, who's in Washington for the Group of Seven nations meeting, says the sharp yen rises weaken business sentiment and corporate profit.

Japan cut interest rates to zero this week and intervened in September to weaken the yen, but the currency has showed persistent strength.

Shares in Japan were flat early Friday, with the yen near a 15-year peak against the dollar.

Shirakawa says he hopes to explain the Bank of Japan's interest cutting decision when he meets counterparts on Friday.

U.S. payrolls data later in the day, as well as comments from the G7, are expected to keep Japanese and Asian investors in a wait-and-see stance.

The Pain of a Rising Yen

A strengthening yen will have a negative effect on Japanese employment and capex expenditure locally, says John Noonan, senior FX analyst at Thomson Reuters. He tells CNBC\'s Martin Soong, Karen Tso & Sri Jegarajah more.

Yen up - Caution Surrounding the Euro

There is still demand for the Euro from central banks looking to diversify their reserves, says Lee Wai Tuck, currency markets strategy at Forecast. He tells CNBC's Chloe Cho and Anna Edwards why there is still caution with the currency due to the ongoing Greece situation.

Australian Dollar Oversold Against Yen says Woolfolk

Feb. 12 (Bloomberg) -- Michael Woolfolk, senior currency strategist at Bank of New York Mellon Corp., talks with Bloomberg's Pimm Fox about the outlook for currencies as Greece struggles with the European Union's largest budget deficit. Woolfolk says the Australian dollar is oversold against the Japanese yen. (Source: Bloomberg)

Korean won vs Japanese Yen

Jan. 19 (Bloomberg) -- Mark Dow, a portfolio manager at Pharo Management LLC, talks with Bloomberg's Susan Li about his investment strategy for the South Korean won and the yen. Dow also discusses the outlook for the U.S. dollar and the price of gold. (This is an excerpt of the full interview. Source: Bloomberg)

Yen Japan New Finance Minister Would Welcome Weaker Yen

Japan's New Finance Minister Would Welcome Weaker Yen

Jan. 7 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook for the Japanese yen. (Source: Bloomberg)

The Currency Report Bullish on the Japanese Yen after the Elections

Yen Rises on Drop in Stocks and Election, Shift in Policy May Boost Yen (Bloomberg News)
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Bullish on Japanese Yen on the eve of the elections

Japanese Yen may rise on elections

Impact of Japan's Election on Yen - DPJ Win Could Lift Currency Through Stimulus, Bank of Japan May Lift Interest Rates (Bloomberg News)
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The Currency Report - U.S. Dollar, Japanese Yen

The Currency Report - U.S. Dollar, Japanese Yen
Seeking Safety in Dollars and Yen (Bloomberg News)
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Kiwi and Aussie Dollars on the rise while the US dollar drops

While China's central bank today backing off statements made on Friday in which it reiterated the need for a new global reserve currency away from the dollar , The US dollar and yen dropped versus most of their major counterparts as a report showed confidence in the European economy increased and U.S. stocks rose, encouraging investors to buy higher-yielding assets. The Swedish krona was the biggest winner against the dollar among the 16 most-traded currencies as investors bought Scandinavian debt. The Euro gained the most versus the yen in four weeks as improvement in European executive and consumer sentiment added to signs record low rates are helping pull the euro area out of a recession
The Australian and New Zealand dollars rose, heading for their best quarter against the greenback since at least 1985, as optimism the global slump is easing buoyed demand for higher-yielding assets.

The two currencies gained for a sixth day versus the U.S. dollar after regional stocks advanced.

Currency Outlook - Dollar's Reserve Status Under threat

The Currency Report : The Dollar Under Pressure
Brazil Russia India and China trying to find alternatives to the dollar as a reserve currency , this is a real threat to the greenback ..Yen and Euro may benefit
Analysis and Discussion with Emma Lawson of Morgan Stanley (Bloomberg News)